Card Image
Nexxt
Annual Fee
₹499
Rewards/₹100 ⓘ
₹0.25 - ₹0.75
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
680+
At a Glance
Key Benefits
3X rewards on online spends, fuel surcharge waiver, movie discounts
Lounge Access
Not available
Eligibility
Salaried: Rs.20,000+/month, Age: 21-60, CIBIL: 680+
Quick Details
Annual Fee
₹499
#75
Joining Fee
₹499
#78
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25 - ₹0.75
#219
Reward Type Reward Points
Reward Currency Points
Min Credit Score
680+
#38
Min Monthly Income ₹20
Network VISA
Cash Advance Fee 2.50% (min ₹400)
Late Payment Fee ₹500
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Cat
Online
₹0.75 /₹100
Reward Calculator
₹
Allocate by Category100%
Your Rewards
Points Earned1,100
Cash Value₹275
Breakdown
Online900
Other Spends200
Total Value₹275
Quick amounts:
Insurance Coverage
Lost Card
₹1,00,000
Within 7 days of reporting
Quick Analysis
The IndusInd Bank Nexxt is a solid credit card option. With an annual fee of ₹499, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹499
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 52 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is the annual fee for IndusInd Nexxt?
IndusInd Nexxt has Rs.599 annual fee, waivable on Rs.50,000 annual spend. Joining is free.
What rewards does IndusInd Nexxt offer?
2X points on shopping and 1 point per Rs.100 on other spends.
Is IndusInd Nexxt good for beginners?
Yes, it is an entry-level card with easy eligibility and free joining fee.
Does IndusInd Nexxt have fuel benefits?
Yes, it offers 1% fuel surcharge waiver at all fuel stations.
What is the minimum credit score required?
A minimum credit score of 700 is recommended for IndusInd Nexxt.
User Reviews
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